MoP: EGP 813 Million Saved Due to Improved Energy Efficiency

MoP: EGP 813 Million Saved Due to Improved Energy Efficiency

The Ministry of Petroleum and Mineral Resources said that it has implemented an integrated program for improving energy efficiency in 31 petroleum companies, which saves EGP 813 million annually.

The ministry said that the program comes in line with the fourth pillar of the Modernization project that is aimed at reducing and improving energy efficiency.

According to the ministry’s statement, it is currently establishing several projects for energy efficiency and carbon dioxide emissions reduction at a cost of $1.5 billion at the Suez Oil Processing Company (SOPC) and the Dahshour compressor station at the Egyptian Natural Gas Company (GASCO). The ministry is also conducting five technical reviews for Energy efficiency in cooperation with the European Union (EU) and Japan International Cooperation Agency (JICA).

In addition, the government is conducting an evaluation and measurement of methane and petroleum compounds that came out from petroleum products and natural gas facilities and pipelines in seven sites of national companies in cooperation with the European Bank for Reconstruction and Development (EBRD).



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